Cimarex (NYSE:XEC) Price Target & New Coverage by Deutsche Bank
Deutsche Bank analyst started coverage on Cimarex (NYSE:XEC) with a $164.0 price target and Buy rating. The price target means a potential upside of 47.81 % from firm’s stock close price.
The new coverage is welcomed by stock investors, as NYSE:XEC is currently trading 0.96% higher at $116.52 as of 4:06 PM New York time. Cimarex shares have [From2] 0% in the past 200 days, while the S&P500 Index has added 6.00% during the same time.
According to data compiled by Thomson Reuters, Cimarex (NYSE:XEC)’s stock is covered by 32 equity analysts across the Street, with 1 analysts giving it a Sell rating, 20 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $126.19, which reflects an upside potential of 8.30% over the current price.
Mitchell Group Inc had the largest stake with ownership of 359,780 shares as of q2 2015 for 4.76% of the fund portfolio. Vollero Beach Capital Partners Llc is another bullish active investment manager who is having 88,466 shares of Cimarex or 4.66% of their fund portfolio. Furthermore, Encompass Capital Advisors Llc have 4.65% of their fund portfolio invested in the company for 166,366 shares. The New York-based fund Sir Capital Management L.P. revealed it had acquired so far a stake worth about 4.56% of the active investment manager’s stock portfolio in Cimarex. The New York-based fund Geosphere Capital Management is also positive about the stock, possessing 258,700 shares or 4.48% of their fund portfolio.
Cimarex (NYSE:XEC) Profile
Cimarex Energy Co. is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico.
Cimarex (NYSE:XEC) traded up 0.96% on 2 February, hitting $116.52. A total of 339,790 shares of the company’s stock traded hands. This is down from average of 800,618 shares. Cimarex has a 52 week low of $89.49 and a 52 week high of $146.96. The company has a market cap of $11.10 billion and a P/E ratio of 29.1.
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